National Health Investors, Inc. (NYSE:NHI) Receives Consensus Rating of “Hold” from Analysts

National Health Investors, Inc. (NYSE:NHIGet Rating) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $62.00.

NHI has been the topic of several analyst reports. Credit Suisse Group initiated coverage on National Health Investors in a report on Tuesday, February 1st. They set an “underperform” rating and a $51.00 target price on the stock. Zacks Investment Research lowered National Health Investors from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. StockNews.com initiated coverage on National Health Investors in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, BMO Capital Markets reduced their target price on National Health Investors from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Tuesday, April 19th.

NHI opened at $53.73 on Tuesday. The firm has a fifty day moving average price of $56.05. The company has a market cap of $2.46 billion, a P/E ratio of 22.02 and a beta of 0.97. National Health Investors has a 1 year low of $50.22 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 18.70 and a quick ratio of 18.70.

National Health Investors (NYSE:NHIGet Rating) last released its earnings results on Tuesday, February 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.91). The company had revenue of $69.67 million for the quarter, compared to the consensus estimate of $67.14 million. National Health Investors had a net margin of 37.43% and a return on equity of 7.23%. The business’s revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. On average, sell-side analysts predict that National Health Investors will post 4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 6th. Investors of record on Thursday, March 31st were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $3.60 annualized dividend and a dividend yield of 6.70%. National Health Investors’s dividend payout ratio is currently 147.54%.

Hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in shares of National Health Investors during the 3rd quarter worth $27,000. Marshall Wace North America L.P. bought a new position in National Health Investors in the first quarter valued at about $31,000. Covestor Ltd bought a new position in National Health Investors in the fourth quarter valued at about $33,000. TCI Wealth Advisors Inc. raised its position in National Health Investors by 566.0% in the first quarter. TCI Wealth Advisors Inc. now owns 706 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 600 shares during the last quarter. Finally, Wealth Quarterback LLC raised its position in National Health Investors by 427.1% in the third quarter. Wealth Quarterback LLC now owns 4,544 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 3,682 shares during the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

About National Health Investors (Get Rating)

Incorporated in 1991, National Health Investors, Inc (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

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Analyst Recommendations for National Health Investors (NYSE:NHI)

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